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TEXXR

Chronicles

The story behind the story

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Hackers steal ~$25M worth of cryptocurrency from Lendf.Me, a dForce-based decentralized lending platform, likely using a well-known exploit of an Ethereum token

Decrypt

Discussion

  • @lisanedwards @lisanedwards on x
    sad for anyone caught in this... BUT crypto in large amounts moved over a 3hour period, why were no alerts triggered 🤔🤔🤔smells like an inside job to me... https://www.coindesk.com/...
  • @kyletorpey Kyle Torpey on x
    🤔 “This scheme, however, was not new. In 2016, the famous DAO hack used a similar mechanism that led to $60 million Ether being stolen. A ConsenSys audit of Uniswap last year also discussed this vulnerability in depth.” https://twitter.com/...
  • @kylesamani Kyle Samani on x
    Update from the dForce team https://twitter.com/...
  • @campuscodi Catalin Cimpanu on x
    Hackers steal $25 million worth of cryptocurrency from Uniswap and Lendf[.]me https://www.zdnet.com/... https://twitter.com/...
  • @lopp Jameson Lopp on x
    Wait, the protocol is called http://lendf.me/? Most accurate DeFi name yet? https://www.coindesk.com/...
  • @ncweaver Nicholas Weaver on x
    “Decentralized Finance” is such a crock: https://www.coindesk.com/... The only thing it produces is multi-million-dollar bug bounties for blackhats and piles of comedy godl. There are reasons why real finance is both centralized/federated and reversible.
  • @doveywan @doveywan on x
    WOW 😳 Hacker already emptied out Dforce's @LendfMe entire balance ... loss gonna be ~ $25M https://etherscan.io/... This might be the biggest DeFi hack so far?
  • @kurtwuckertjr Kurt on x
    It's as if a global state machine is easy to hack because it just a giant single computer. #ShouldHaveUsedBSV https://twitter.com/...